USA Graphite (USGT) made an impressive recovery Friday when shares shot up nearly 77% from their lows!
In the first half hour the sellers were in control and drove the stock price down to .39 cents but the buyers regained control for the rest of the day.
Most of the selling volume was 20% - 35% lower then the close so the average short seller is losing a lot of money right now!
Remember, you cant make money on a short sale until you buy back the shares. Until you buy back the shares you sold short you are exposed to infinite risk! These guys are hurting today.
If you are familiar with candlestick charts you will be pleased with Fridays chart. The price action has formed a hammer, which is a very powerful reversal indicator coming after a down trend. That is exactly what we have here.
Were the buyers in control at the end of the day on Friday? Yes they were! And we think they will stay in control as the short squeeze gets under way on Monday morning.
USGT has a great chart and fantastic fundamentals, as we discussed yesterday. The shorts have given you an opportunity to double down at a bargain basement price. Dont miss out!
In the first half hour the sellers were in control and drove the stock price down to .39 cents but the buyers regained control for the rest of the day.
Most of the selling volume was 20% - 35% lower then the close so the average short seller is losing a lot of money right now!
Remember, you cant make money on a short sale until you buy back the shares. Until you buy back the shares you sold short you are exposed to infinite risk! These guys are hurting today.
If you are familiar with candlestick charts you will be pleased with Fridays chart. The price action has formed a hammer, which is a very powerful reversal indicator coming after a down trend. That is exactly what we have here.
Were the buyers in control at the end of the day on Friday? Yes they were! And we think they will stay in control as the short squeeze gets under way on Monday morning.
USGT has a great chart and fantastic fundamentals, as we discussed yesterday. The shorts have given you an opportunity to double down at a bargain basement price. Dont miss out!